Approximately 30 percent of France’s income from the Asia-Pacific region came in 2018 from Schneider Electric. The portfolio ranges from voltage distribution goods to automation, power storage and intelligent construction infrastructure, representing 30% more from North America and Western Europe respectively.
Jean-Pascal Tricoire, Chief Executive Officer and CEO of Schneider Electric, said in the latest interview to the Investor at Aveva World Summit 2019 in Singapore that the Company can make use of local resources and respond to local requirements.
Schneider Electric is based in Rueil-Malmaison, a suburban city west of Paris, and through fusion, acquisition, and collaboration, it is open to multiple localization initiatives.
The launch is intended to address the needs of Korean companies such as energy-consuming plant builders and intelligent buildings by Schneider-KTE, a manufacturer of intelligent voltage switchgear.
In 2002, decades after its activities were introduced in 1975, Schneider Electric also increased its presence in the Korean market by utilizing local resources, acquiring Korean electronically overcurrent relay manufacturer Samwha EOCR.
Schneider Electric is a multinational company with a sales network that enabled EOCR goods from Schneider Electric Korea to reach the sales channels of more than 20 nations.
It is clear from the “offenbar places” of the Korean industry, in which the company has industrial digitalization cooperation that Korea will be at the center of Schneider Electric’s expansion scheme.
Moreover, Korea, as a Korean EOCR manufacturing line in Iksan, North Jeolla Provence, embraced a modular manufacturing scheme in 2013, is probable to be the next target of Schneider Electric’s intelligent factories – already in operation in nations such as the United States, Mexico, China, China, India, Indonesia, and the Philippines.
When questioned about Tricoire’s opinions on the government-led project, he said that he believes it’s good that the government promotes the digitalization of industry and business development. They do not deal directly with the state, but with clients in Korea.